Brazil Renewable Energy Market Size & Outlook, 2022-2030

The renewable energy market in Brazil is expected to reach a projected revenue of US$ 47.9 billion by 2030. A compound annual growth rate of 19.8% is expected of Brazil renewable energy market from 2023 to 2030.
Revenue, 2022 (US$B)
$11.3
Forecast, 2030 (US$B)
$47.9
CAGR, 2023 - 2030
19.8%
Report Coverage
Brazil

Brazil renewable energy market highlights

  • The Brazil renewable energy market generated a revenue of USD 11.3 billion in 2022 and is expected to reach USD 47.9 billion by 2030.
  • The Brazil market is expected to grow at a CAGR of 19.8% from 2023 to 2030.
  • In terms of segment, wind was the largest revenue generating product in 2022.
  • Solar is the most lucrative product segment registering the fastest growth during the forecast period.


Renewable energy market data book summary

Market revenue in 2022USD 11.3 billion
Market revenue in 2030USD 47.9 billion
Growth rate19.8% (CAGR from 2022 to 2030)
Largest segmentWind
Fastest growing segmentSolar
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD billion
Market segmentationHydropower, Wind, Solar, Bioenergy
Key market players worldwideABB Ltd, Acciona SA, Enel SpA, Haier Smart Home Co Ltd ADR, Innergex Renewable Energy Inc, Invenergy, Schneider Electric SE, Siemens Gamesa Renewable Energy, Suzlon Energy, Tata Power Renewable Energy


Other key industry trends

  • In terms of revenue, Brazil accounted for 1.1% of the global renewable energy market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Latin America, Brazil renewable energy market is projected to lead the regional market in terms of revenue in 2030.
  • Brazil is the fastest growing regional market in Latin America and is projected to reach USD 47.9 billion by 2030.

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Renewable Energy Market Companies

Name Profile # Employees HQ Website

Brazil renewable energy market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to renewable energy market will help companies and investors design strategic landscapes.


Wind was the largest segment with a revenue share of 37.17% in 2022. Horizon Databook has segmented the Brazil renewable energy market based on hydropower, wind, solar, bioenergy covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of renewable energy market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil renewable energy market , including forecasts for subscribers. This country databook contains high-level insights into Brazil renewable energy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Brazil renewable energy market size, by product, 2018-2030 (US$B)

Brazil Renewable Energy Market Outlook Share, 2022 & 2030 (US$B)

Brazil renewable energy market size, by product, 2018-2030 (US$B)

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